B-Scada raises $800,000 through private placement of its common stock

Company sells 2,424,242 shares at $0.33 per share to Yorkmont Capital

By Devika Patel

Knoxville, Tenn., Aug. 6 – B-Scada, Inc. completed a $100,000 private placement of stock with Yorkmont Capital Partners, LP on Aug. 6, according to an 8-K filed Wednesday with the Securities and Exchange Commission. The deal priced on Aug. 4.

The company sold 2,424,242 common shares at $0.33 apiece, a 29.79% discount to the closing share price, $0.47, on Aug. 1.

The Crystal River, Fla., company develops software products for the visualization and monitoring of real time data in heavy industry.

Issuer:	B-Scada, Inc.
Issue:	Common stock
Amount:	$800,000
Shares:	2,424,242
Price:	$0.33
Warrants:	No
Investor:	Yorkmont Capital Partners, LP
Pricing date:	Aug. 4
Settlement date:	Aug. 6
Stock symbol:	OTCBB: MOBS
Stock price:	$0.47 at close Aug. 1
Market capitalization:	$9.93 million

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